# 2 Major H&R REIT Shareholders Plan To Vote To Block $5B Breakup

Canonical page: https://sequoia-research.com/news/2-major-h-r-reit-shareholders-plan-to-vote-to-block-5b-breakup-b742e970

Author: Sequoia Research
Published: 2026-10-16T22:42:52.146Z
Updated: 2026-10-16T23:17:58.806Z
Original source: [Bisnow](https://www.bisnow.com/news/national/capital-markets/2-major-h-r-reit-shareholders-plan-to-vote-to-block-5b-breakup)
Source published: 2026-10-13T16:55:10.000Z
Type: News
Topics: REITs

Bisnow reported that RBC Global Asset Management and Mill Pond Capital intend to oppose H&R REIT's proposed $4.8 billion breakup. RBC holds 9.3 million units and Mill Pond 2.2 million. RBC did not publicly explain its position in the reporting cited by the article.

Mill Pond's objections include an allegation that the arrangement benefits chief executive Tom Hofstedter at other investors' expense. The proposed buyers include GO Residential REIT, Blackstone, Crestpoint, PSP Investments and a Hofstedter-family company. Bisnow places the dispute within H&R's broader portfolio reduction and repositioning, which had already substantially reduced its property count.

[Read the original](https://www.bisnow.com/news/national/capital-markets/2-major-h-r-reit-shareholders-plan-to-vote-to-block-5b-breakup)

## Research considerations

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- Which REIT or portfolio is covered, and what period does the announcement describe?
- How do the reported figures relate to debt, operating performance, distribution coverage, and liquidity?

This Sequoia Research summary was prepared with AI assistance from the credited source. It is not independent verification of the source’s claims. The original publisher retains authorship of its reporting; follow the source link for the complete article.

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